On October 25, 2024, the Nasdaq Composite closed higher as Tesla led gains in tech stocks. The Dow Jones fell, weighed down by declines in bank stocks, while the S&P 500 ended nearly flat. Rising Treasury yields and upcoming earnings reports kept investors cautious, as anticipation grows for major tech earnings and key economic data.
Tag: Financials
Daily Market Snapshot: October 17, 2024
On October 17, 2024, the Dow Jones Industrial Average closed at another record high, driven by stronger-than-expected retail sales data and a rebound in chip stocks led by TSMC. Financials outperformed, with Morgan Stanley and other large banks reporting strong quarterly earnings. Small-cap stocks gained momentum, though tech megacaps such as Apple and Alphabet saw declines. Investors remain focused on upcoming economic data and Federal Reserve rate cut expectations.
